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Strategies & Market Trends : Zeev's Turnips - No Politics
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To: sylvester80 who wrote (9153)11/29/2001 11:43:13 AM
From: 1podstock  Read Replies (1) of 99280
 
Sylvester...a higher market helps consumer confidence (since more people own stocks in these past few years than in the decades before).

And remember that consumer spending makes up about 1/3 (i think) of GDP.

With consumer confidence already declining, 82.2 reported the other day, and with more lay-offs...what do you think happens if market tanks back to 1600 and below. You get less consumer spending than now, you get contraction, etc...

and add in that a contracting economy is bad for war times......

there will be declines...but overall, market will be driven higher, by institutions and the powers that be.
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